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The following information pertains to Monroe Company: Month Sales Purchases January $69,000 $36,000 February $84,000 $47,000 March $106,000 $63,000 Cash is collected from customers

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The following information pertains to Monroe Company: Month Sales Purchases January $69,000 $36,000 February $84,000 $47,000 March $106,000 $63,000 Cash is collected from customers in the following manner: Month of sale 35% Month following the sale 65% 50% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 20% of sales. Other operating costs are $33,000 per month (including $9,000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $8,000. A minimum cash balance of $6,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. How much cash will be disbursed in total in March? A. $109,200 B. $45,200 C. $54,200 OD. $100,200

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